LatAm Daily | Brazil loses its investment grade rating from S&P
Published on Thursday, September 10, 2015
LatAm Daily | Brazil loses its investment grade rating from S&P
Summary
S&P downgraded Brazil’s credit rating to BB+ from BBB- sooner than expected. The decision was driven by an economic deterioration and the worse prospects for fiscal adjustment. S&P does not rule out additional downgrades, and we expect at least one of the two other main risk agencies to also withdraw Brazil’s investment grade.
Geographies
- Geography Tags
- Latin America
- Mexico
- Brazil
- Colombia
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Marina Conesa